Berg: IEM Shows Election a Toss-Up

October 29, 2004 | Minneapolis Star Tribune

Market players once again are proving you can make or lose a buck on anything, including presidential races. With just a few days to go, investors in futures contracts on the Iowa Electronic Markets (IEM) have narrowed the Bush-Kerry tilt from a several-point Bush lead to a virtual tossup, said JOYCE BERG, an accounting professor and director of the University of Iowa-based electronic market. The Iowa futures market has correctly predicted presidential popular-vote winners since its inception before the 1988 race.